10 AI News Investors Probably Missed

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1. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 158

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) manufactures semiconductor devices, offering processes for logic, mixed-signal, and embedded memory technologies used in AI applications. Its products support high-performance computing, automotive, IoT, and consumer electronics, driving advancements in AI hardware and processing. 

Taiwan Semiconductor (NYSE:TSM) saw a 34% increase in sales in November, continuing strong growth driven by demand for AI hardware. The company’s sales for October and November rose 31.4%, and analysts expect a 36.3% growth for the quarter, as per a Bloomberg report. Despite concerns over the pace of AI data center expansion, TSMC is benefiting from the demand for AI and high-end smartphone chips. TSMC’s growth momentum is expected to continue into 2025, with 4Q sales potentially reaching NT$861.5 billion.

While we acknowledge the potential of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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